Triple-A investor sells €86.6 million of 2.0 CLOs

By Sayed Kadiri

Wednesday, February 25, 2015

CLO managers looking to obtain cheap financing may have found the answer in the secondary market yesterday: launch Volcker-compliant, originator-backed deals that can invest in loans and bonds.

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TAGS: Blackstone

Comment by: Anonymous. Posted 9 years ago [2015-02-25 13:12:34]

Agree.. if anything, the originator route seems subject to higher regulatory risk.

Comment by: Anonymous. Posted 9 years ago [2015-02-25 13:04:46]

Completely agree on the voting rights point but intuitively I don't see why originator SPV bacled AAAs would trade tighter than Sponsor backed AAAs. Both meet risk retention rules. Am I missing something here?

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